India To See 9.17% Growth In EV Sector Workforce: TeamLease

TeamLease Reports 9.17% EV Workforce Increase By 2032

TeamLease’s recent survey points towards a transition in the employment structure within the power and energy sector, particularly in the electric vehicle (EV) segment from April-September 2024-2025.

TeamLease presented its ‘Employment Outlook Report’ for the first half of the fiscal year 2024-25 where it analyzed data from a wide-ranging survey of 1,417 employers across 23 industries. 

In the electric vehicle (EV) sector, TeamLease’s latest “Employment Outlook Report” indicates a 9.17% net employment change in the EV and EV Infrastructure industries. This shift is driven by the transition towards green energy and an expected compound annual growth rate (CAGR) of 35% in EV sales from 2023 to 2032. This growth leads to expanded infrastructure and an increased need for a skilled workforce to support the industry.” Moreover, it found that the electric vehicle (EV) and EV infrastructure industries saw the highest positive change in workforce size moving up 9.17%

The report states: “The EV & EV Infrastructure industry is experiencing rapid growth, with premiumization and hyper-competition expected to drive substantial workforce expansion. The growing focus on green energy initiatives, Industry 4.0, and systemic decarbonization will further propel workforce growth in the Power & Energy industry.”

TeamLease also found that while the industry is not likely to expand immediately (given that current orders amount to USD 3 billion, with the capacity to fulfill only about half), this year is among the best for the industry in recent times. “Green energy generation is set to reach unprecedented levels and will require significant transmission efforts since it cannot be stored. This will lead to increased activity in the industry.” said CPO of a Power Transmission Infrastructure firm

The study stated, “A 9.01% net employment change in the Power & Energy sector signifies a shift towards a low-carbon future. Anticipated announcements, such as increased capital expenditure and incentives, are expected to enhance private sector investment in clean energy. Moreover, in the employment in the energy sector, the power sector saw a 62% increase, whereas, the electric vehicle (EV) and electric vehicle infrastructure saw 59% progress during the same period.”   

Power Sector Saw 62% growth

“For a long time, we were cautious about recruitment. However, I see that the industry, especially the major players and those benefiting from the Production Linked Incentive (PLI) regime, is transitioning to smart talent sourcing via hiring apps, some of which use AI for faster throughput. The industry is poised for rapid growth in the coming months, and we need all available hiring technologies to meet demand.” VP of Human Resources at a large contract manufacturing company

The study points towards a promising change in the industry trend. The study found, “Although immediate expansion is not anticipated (with current orders totaling USD 3 billion and the ability to fulfill only half, with a plan to stagger workforce deployment), this year represents one of the best periods for the industry in recent times.” “Green energy generation will reach unprecedented levels and, due to the need for transmission, the industry will experience heightened activity, said, CPO of a Power Transmission Infrastructure firm. 

What The Green Industries Said About Budget 2024?

Also Read